I am planning to purchase a residential property consisting of six units under a single title. After the purchase, I intend to subdivide (or strata title) the property into six individual units and sell them separately.
I do not plan to undertake any construction or make changes to the existing buildings—only to change the title structure.
Could you please advise whether GST would apply to the sale of these individual units?
From ATO
"Existing residential property is residential property that is not new residential property.
You can't claim GST credits for anything you purchase when selling existing residential property and you're not liable for GST on the sale."
GST and residential property | Australian Taxation Office
Also check meaning of new residential property in the link.
If you are not sure whether your purchase is new or existing residential property seek out a tax expert or request a private ruling. A private ruling is the only way of obtaining a binding answer from the ATO. See below
GST on the sale of residential premises – supporting information | Australian Taxation Office
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